What are the reasons behind the sudden expanse mining rewards drop? Galaxy mining UPDATE. There have been a lot of people wondering and talking about our expanse coin mining decrease in the last days. I’m just a miner like you, so I had the exact same questions as you. Now that I have a pretty complete understanding of the situation I decided to dedicate a video about this subject, explaining the reasons behind the decrease, the company update and my personal opinion and research.
Subscribe to the Crypto Mining channel:
➤https://www.youtube.com/c/cryptominingchannel?sub_confirmation=1
Start mining your own cryptocurrencies from as little as $25 up to $500 ↪ http://start.dragonminingsystems.com/
Check the company update about the expanse mining rewards: http://lifestylegalaxyupdates.com/expanse-mining-rewards-update/
If you like the video, please upvote, resteem and follow the crypto mining steemit channel!
A summary of the reasons of the big expanse drop in mining:
- Increased expanse mining difficulty (the more miners the higher the difficulty)
- Technical issues (galaxy mining overpaid their members, they take full responsibility and it’s at the company’s expense)
- Hot outside temperatures: mining equipment is not running at full power to protect them from damage
- Luck factor: a decrease in luck for our pool
Mining difficulty is an important factor in mining. That’s why it’s important to understand what factors influence mining:
1.First of all, there is difficulty. The more people that start mining, the higher the difficulty will get.
More miners, the same number of coins per hashed block, gives less coins.
Generally when price goes up, more people start to mine.
This is the advantage of mining over buying to hold:
More people mining, less coins, but coins higher in value: we win
Less people mining, more coins, but less in value: we still win
2.The luck factor.
Mining is the process where all miners in the network try to find the correct hash for a block, all at the same time. That block has the exact same transactions for ALL miners in the network. Only ONE block is rewarded with coins.
The larger the pool through which we mine, the better odds to hash blocks. This is where our unique feature of repurchasing hashrate has a strong positive impact. On the other hand, luck is exactly that: luck.
3.A third factor: outside temperatures:
When outside temperatures are very high, we do not mine at full power, because that would cause your equipment to get burned. Protection of assets always comes first.
4.Maintenance and technology: equipment requires maintenance. We will always plan to have that performed as fast as possible. Aimed high efficiency however cannot predict parts to break and to be replaced.
Difficulty varies from one blockchain to another. Bitcoin adjusts the difficulty every 14 days, others adjust daily. It is important that you realize that.
The world ain't all sunshine and rainbows. A winner knows that you have to take the good with the bad, and you learn the most from defeat. I have a 100% faith in this company, not only when it goes good but also when it goes bad, I’m confident they will come out stronger. When you find an opportunity like this in which you have faith, my advice is to give it all you got. If you think this company is a scam, then you don’t deserve mining here. I doublechecked the company, I know the people behind it, I work with them on a consistent basis, all great and honest people. Galaxy mine is the most generous and transparent cryptocurrency mine in the world, it’s an honor to mine and work with such a great group of individuals.
I made this channel to educate people, to make the world a better place and earn cryptocurrencies together. You decide whether you start mining or not, that choice is yours ONLY. Don’t expect miracles from a $25 mining package, but it will show you the mechanics and the reliability of the company, doing exactly what they say they do: daily results in your mining backoffice.
For those who never succeeded in building good residual income there is the option for Value Club Members to get access to our unique Training Galaxy Platform. No costs, totally free, with loads of materials on networking skills, mindset, marketing basics, essential knowledge and online networking. Even if you have no interest in networking and just want to mine, this training also has a powerful Mindset Mastery Section as well, which EVERYONE can benefit from, to become the best possible version of themselves and get a clear picture of what it is they want out of life.
You've only got three choices in life: Give up, give in, or give it all you've got!
The price of greatness is responsibility.
- Winston Churchill
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit